An investor owns 1000 shares of stock in ABC Corp. with a market value of $1,200. ABC declares a 20% stock dividend. After the dividend is paid, John owns____________
1200 shares with a market value of $1,000.
1000 shares with a market value of $1,200.
1200 shares with a market value of $1,200
1200 shares with a market value of $1,000.